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Crisis in diamond city: Is Surat’s glitter dimming? | MInt Primer | Mint
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Surat, a hub for diamond processing, is facing a s... moreSurat, a hub for diamond processing, is facing a severe crisis.
The diamond industry, responsible for 90% of global diamond processing, is grappling with slowing demand, geopolitical challenges related to Russian diamond supply, and competition from lab-grown diamonds. This has led to job losses, pay cuts, and reduced working hours, impacting over a million workers.
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